Denver Real Estate Agent Needs an Education

Hey everyone, it’s Adam with adambuysdenverco.com. Now, in this video what I want to talk about is real estate agents and real estate investors and why they typically don’t get along and it’s because real estate investors are, so I’ll speak for myself, I’m a direct buyer of any house. My company that I own is going to buy any house I make an offer on.

So there’s no reason for me to be a real estate agent. That’s a different business model. I’m not looking to list a house. I’m not looking to find a buyer. I am the buyer. So if I’m the buyer and I have funds in place, there’s no reason I can go direct to anybody, any, it doesn’t matter how expensive the house is.

It doesn’t matter where it’s located in Colorado. I can buy it directly. with my LLCs. And in fact, I’m in two other states, but I can buy that house directly. Now a real estate agent is looking for a listing. They’re trying to represent somebody. So when they list the house, they’re trying to tell the general public, Hey, I’ll handle all the stuff the seller doesn’t have to for a fee.

I’ll be the one to get this house sold for them. It’s a different situation. And problems come up like this all the time with this story on why real estate agents and real estate investors don’t get along. And so this real estate agent, a seller contacted me from our website for a house in 80210. Now, if you know that neighborhood, you know it’s one of the hottest zip codes in all of Denver County.

And of course, great house, great potential, fixer upper house. I got the photos, I could try to include here if I remember. But and a video walkthrough. But great house, right? Problem is, this homeowner contacted five other real estate investors. Now, that’s not the problem is that contacting five other investors And I think they contacted three other real estate agents.

They barely decided to sell the house last week. Alright, so I looked at it yesterday, on Sunday. And I’m like, that’s totally fine. That’s just business. I never, I, oftentimes, and if you’re selling a house and you contact me, you’ll hear me say this too, just to let you know, I know what’s going on.

If you have a house for sale, and you contact me, I’ll tell you straight up. Look, I know I’m not the only buyer you’re talking to. Even if you tell me you’re the first person I know I’m probably not the first person. Totally fine if you’re talking to other people. All I can do is make an offer, see if I’m the best fit for your situation.

I’m not desperate. I get it. I’m not gonna buy nine out of ten houses I make an offer on. That’s just. There’s so many circumstances. You may not even like my hair, and that’s why you don’t sell to me. It doesn’t matter. You got to find what’s best for you. With this real estate agent they contacted though the seller started going ghost, and I said, and just meaning they stopped contacting me, and finally I got a hold of them and they said I talked to this real estate agent and they’re saying you investors lie, you do price drops.

Some of you don’t even have the funds and this and that and my house is really worth You know a hundred K more than you said and all this stuff. I’m like whoa, whoa Wait, I need to speak to this real estate agent because it’s not even about trying to Take away their business. It’s that they’re trying to take away my business because no way the house is worth 100k What the house is actually worth that I saw in the comps I go by appraisal guidelines and I have 10 different real estate agents I work with and all of Denver and the whole metro area.

I’ve been in business 11 years I know what I’m talking about. So I was like, okay, this real estate agent obviously is desperate for a listing So I said hey just I’ll include your agent On the deal, let me just get the number. Finally got the number, and I called the agent and I said, Listen, One of the potential buyers for this house, I just want to know what’s going on here.

Why are trying to tell this seller something that it’s not with their house and with their situation and what it can sell for. Just tell me, what are you looking for? Like, why? Just be honest with the seller. I just want you to know, I know what’s going on. And you need to be honest, like you can’t keep doing this, I’m trying to help you.

How long have you had your license? I bet it’s less than a year. And yes, it was less than a year. This agent only had the license for nine months. And I said, look, I know your broker is teaching you to get a listing by any means necessary, but you’re not going to last in this business if you keep doing that.

All you’re going to do is piss off sellers, and all you’re going to do is ruin your reputation. So you can go ahead and get the listing if that’s what the seller wants. But at least tell him the truth next time and tell him the truth after our call. Otherwise I’ll call the seller on 3 way right now and let it be known that you were lying about the numbers and that you don’t know anything about any of the buyers this person’s talking to.

So it straightened, basically it straightened out the real estate agent and made the real estate agent go, Oh, okay this is a real serious buyer. He’s not playing any games. And it’s no, it’s about the principle. It’s about saying, hey, you can’t just go doing business like this. You need to be honest.

You’re not going to win every listing. You’re not going to win every deal. Honesty is best policy. I’ve done numerous deals and nobody can say anything about my reputation because I was always just honest. I said, hey, here’s what it is. Like you’re, you have to decide, like I’m an adult and you have to act like an adult too.

You can’t play these games. And I know so many people do this in this business. They play so many games and we need more honesty But that is why that is one example as to why so many real estate agents have discrepancies if you will with real estate investors is because One person is trying to buy the house directly while the other person is trying to just represent them and so Just wanted to share my thoughts on that because it happens too many times in this business where a seller will talk to agents and they just Inflate everything and I know exactly what’s going to happen.

They’re going to get that listing and then they’re going to, they are going to do a price shop after 30 days when it gets nothing, no attention. And then they’re going to have to do a price shop anyway. And then maybe they’ll find a buyer on day 60. And then by then, the closing ain’t going to happen on day 90.

And we’re talking three, four months in, if you’re lucky, when the house could have just been sold this month. And usually it’s not even that big of a difference in price. Usually it’s most of the time I see it only being like five grand different. And I’m like you went through all that headache just to get five extra thousand dollars.

If you do the net, if you do the gross minus what you actually net after holding costs for five months, you actually lost money. So you’re thinking it’s five grand more, but it’s no, you probably actually lost money and you lost time and headache. It’s just, it’s crazy. It’s crazy.

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